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Modern Auditing: Assurance Services and the Integrity of Financial Reporting, 8th Edition

Modern Auditing: Assurance Services and the Integrity of Financial Reporting, 8th Edition

William C. Boynton, Raymond N. Johnson

ISBN: 978-0-471-23011-3

Aug 2005

1056 pages

Select type: Hardcover

In Stock

$269.95

Description

Known in the academic market for its clear writing style and accessibility, this extensive revision focuses on auditor decision making and the auditor?s role in providing assurance about the integrity of the financial reporting system. This is particularly important in light of the recent events involving WorldCom, Enron, Xerox, Aldelphia, Tyco, Waste Management, and other recent incidents that have questioned the quality of work in the auditing profession. Intended for a junior- or senior-level course in auditing or assurance services taught at most four-year schools.

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PART 1: THE AUDITING ENVIRONMENT.

1. Auditing and the Public Accounting Profession-Integrity of Financial Reporting.

2. Auditors' Responsibilities and Reports.

3. Professional Ethics.

4. Auditor's Legal Liability.

PART 2: THE DECISION MAKING OF AUDIT PLANNING.

5. Overview of the Financial Statement Audit.

6. Audit Evidence.

7. Accepting the Engagement and Planning the Audit.

8. Materiality Decisions and Performing Analytical Procedures.

9. Audit Risk: Including the Risk of Fraud.

10. Understanding Internal Control .

PART 3: THE DECISION MAKING OF COLLECTING AND EVALUATING EVIDENCE.

11. Audit Procedures in Response to Assessed Risks: Tests of Controls.

12. Audit Procedures in Response to Assessed Risks: Substantive Tests.

13. Audit Sampling.

PART 4: AUDITING THE TRANSACTION CYCLES AND COMPLETING THE AUDIT.

14. Auditing the Revenue Cycle.

15. Auditing the Expenditure Cycle.

16. Auditing the Production and Personnel Services Cycles.

17. Auditing the Investing and Financing Cycles.

18. Auditing Investments and Cash Balances.

19. Completing the Audit / Post Audit Responsibilities.

PART 5: OTHER ATTEST AND ASSURANCE SERVICES.

20. Attest and Assurance Services, and Related Reports.

21. Internal, Operational, and Governmental Auditing .

Index.

  • Chapter Opening Vignette uses real world examples to relate issues discussed in the chapter to ethics, audit decision-making and the integrity of the finanancial reporting system
  • Chapter feature titled, ‘Focus on Audit Decisions’ highlights key factors that influence an auditor’s decisions
  • The book includes discussion of the role of the Public Company Accounting Oversight Board (PCAOB), PCAOB Auditing Standards and a chapter feature will highlight PCAOB standards that differ from Generally Accepted Auditing Standards for private companies
  • Expanded case material related to the integrated audit case, ‘Mt. Hood Furniture’ case provides a variety of databases that allow students to utilize generalized audit software (IDEA) to accomplish various audit tasks.  Multiple databases allow the case to be re-used with different data from term to term.
  • Flowchart style chapter preview at commencement of each chapter
  • Chapter summaries reinforce important audit decisions included in the chapter. They will (1) identify the audit decisions discussed in the chapter and provide page references to detailed  discussions that  (2) identify the factors that influence the auditor’s decision, and (3) explain the audit decision. 
  • End of chapter material organized by audit decisions so that there is a clear link between audit decisions discussed  in each chapter and the problem material
  • Professional simulations for each chapter that provide a more comprehensive problem that addresses the type of professional simulation problems that students will encounter on the the CPA Exam. This is supported with additional on-line simulations.

  • Clear, accessible writing style has been well-received by students.
  • Written to be flexible enough that professors can cover chapters in any order they choose.
  • Quality of illustrations.